On Friday, investors on the German stock market waited for the monthly jobs data, which is important for US monetary policy. After a tough start, the Dax worked its way into the profit zone by midday. It was last listed with plus 0.31 percent at 14,535.48 points. This reduced the weekly loss to just a few points.
In the MDax, investors grabbed real estate stocks, for example, which gave the index of medium-sized companies an increase of 1.16 percent to 26,256.43 percent. On the European stage, the desire to buy remained rather subdued, with the EuroStoxx 50 increasing by 0.10 percent to 3,988.66 points.
The prospect of a more moderate US interest rate policy had recently pushed the Dax, but after the strong run, the air seems to be largely gone. The US labor market report should decide later on whether the price rise will continue. The main focus is on wage growth as an important parameter for the monetary policy of the US Federal Reserve and its fight against inflation.
Real estate values, which are considered sensitive to interest rates, were in demand on the stock market. Vonovia ended up at the top of the Dax with an increase of almost three percent, industry members such as Aroundtown and Tag Immobilien rose by 4.7 percent and 3.8 percent respectively, LEG and Deutsche Wohnen each climbed by more than two and a half percent.
With Grand City at the top of the SDax, the increase was almost 5.7 percent. Shares in the real estate investment provider Patrizia advanced by 2.4 percent, and there was also an increased portfolio forecast after an acquisition in Denmark.